NC Projects: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NC Projects
Largest movements
- Receivables within one year -€39,225
down €39,225 (-62.3%), from €62,995 to €23,770
of which Trade receivables: -€34,525
- Cash -€31,181
down €31,181 (-92.0%), from €33,900 to €2,719
mainly Advances received (-€55,326) and Trade debts (-€9,123)
- Advances received -€55,326
down €55,326 (-100%), from €55,326 to €0
- Trade debts -€9,123
down €9,123 (-33.4%), from €27,331 to €18,208
- Reserves -€5,742
down €5,742 (-16.0%), from €35,979 to €30,237
- Debts after one year -€1,998
down €1,998 (-48.5%), from €4,117 to €2,120
- Gross operating margin -€32,603
down €32,603 (-76.5%), from €42,620 to €10,017
- Taxes -€7,352
down €7,352 (-100%), from €7,352 to €0
- Financial charges +€4,352
up €4,352 (+248%), from €1,752 to €6,105
- Depreciation +€1,735
up €1,735 (+27.2%), from €6,387 to €8,122
- Financial income +€814
up €814 (+852%), from €96 to €909
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,115 | €58,430 | -€70,685 | -54.7% |
| Fixed assets | 21/28 | €27,538 | €26,374 | -€1,164 | -4.2% |
| Tangible fixed assets | 22/27 | €27,538 | €26,374 | -€1,164 | -4.2% |
| Plant, machinery and equipment | 23 | €22,860 | €22,119 | -€740 | -3.2% |
| Furniture and vehicles | 24 | €4,678 | €4,255 | -€424 | -9.1% |
| Current assets | 29/58 | €101,577 | €32,056 | -€69,521 | -68.4% |
| Stocks and contracts in progress | 3 | €2,235 | €2,575 | +€340 | +15.2% |
| Stocks | 30/36 | €2,235 | €2,575 | +€340 | +15.2% |
| Amounts receivable within one year | 40/41 | €62,995 | €23,770 | -€39,225 | -62.3% |
| Trade receivables | 40 | €56,085 | €21,560 | -€34,525 | -61.6% |
| Other amounts receivable | 41 | €6,910 | €2,210 | -€4,700 | -68.0% |
| Cash at bank and in hand | 54/58 | €33,900 | €2,719 | -€31,181 | -92.0% |
| Deferred charges and accrued income | 490/1 | €2,447 | €2,992 | +€545 | +22.3% |
| Total equity and liabilities | 10/49 | €129,115 | €58,430 | -€70,685 | -54.7% |
| Equity | 10/15 | €39,479 | €33,737 | -€5,742 | -14.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €35,979 | €30,237 | -€5,742 | -16.0% |
| Distributable reserves | 133 | €35,979 | €30,237 | -€5,742 | -16.0% |
| Amounts payable | 17/49 | €89,636 | €24,692 | -€64,943 | -72.5% |
| Amounts payable after more than one year | 17 | €4,117 | €2,120 | -€1,998 | -48.5% |
| Financial debts | 170/4 | €4,117 | €2,120 | -€1,998 | -48.5% |
| Amounts payable within one year | 42/48 | €85,518 | €22,573 | -€62,946 | -73.6% |
| Current portion of amounts payable after more than one year | 42 | €1,883 | €1,998 | +€115 | +6.1% |
| Trade debts | 44 | €27,331 | €18,208 | -€9,123 | -33.4% |
| Suppliers | 440/4 | €27,331 | €18,208 | -€9,123 | -33.4% |
| Advances received on contracts in progress | 46 | €55,326 | €0 | -€55,326 | -100% |
| Taxes, remuneration and social security | 45 | €979 | €1,829 | +€850 | +86.8% |
| Taxes | 450/3 | €979 | €1,829 | +€850 | +86.8% |
| Other amounts payable | 47/48 | - | €538 | +€538 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €12,647 | €0 | -€12,647 | -100% |
| Remuneration, social security and pensions | 62 | - | €140 | +€140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,387 | €8,122 | +€1,735 | +27.2% |
| Other operating charges | 640/8 | €2,041 | €2,301 | +€260 | +12.8% |
| Gross operating margin | 9900 | €42,620 | €10,017 | -€32,603 | -76.5% |
| Operating profit (loss) | 9901 | €34,192 | -€546 | -€34,738 | |
| Financial income | 75/76B | €96 | €909 | +€814 | +852% |
| Recurring financial income | 75 | €96 | €909 | +€814 | +852% |
| Financial charges | 65/66B | €1,752 | €6,105 | +€4,352 | +248% |
| Recurring financial charges | 65 | €1,752 | €6,105 | +€4,352 | +248% |
| Profit (loss) for the period before taxes | 9903 | €32,535 | -€5,742 | -€38,277 | |
| Income taxes | 67/77 | €7,352 | €0 | -€7,352 | -100% |
| Profit (loss) for the period | 9904 | €25,184 | -€5,742 | -€30,925 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,184 | -€5,742 | -€30,925 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.